SEC Form 4 · accession 0001562180-19-001704
SOUTH JERSEY INDUSTRIES INC · SJI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A Lynch
Officer — SVP & Chief Accounting Officer
Period of report
Jan 1, 2017
Accepted (ET)
Mar 5, 2019 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091928
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| So.Jersey Ind., Inc. / Common StockF1 | Jan 2, 2019 | F | 354 | $0.00 | D | 9,681 | D | |
| So.Jersey Ind., Inc. / Common StockF2 | Jan 2, 2019 | F | 267 | $0.00 | D | 9,414 | D | |
| So.Jersey Ind., Inc. / Common StockF3 | Mar 1, 2019 | M | 872 | $0.00 | A | 10,286 | D | |
| So.Jersey Ind., Inc. / Common StockF4 | Mar 1, 2019 | F | 274 | $0.00 | D | 10,012 | D | |
| So.Jersey Ind., Inc. / Common Stock | holding | — | — | — | 2,249 | I | 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5 | $0.00 | Jan 1, 2017 | M | 757 | A | — | — | Common Stock | 757 | 757 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 1, 2018 | M | 2,523 | A | — | — | Common Stock | 2,523 | 3,280 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 1, 2019 | M | 872 | D | — | — | Common Stock | 872 | 2,408 | D |
Explanation of responses
- F1Represents shares withheld to cover taxes on the 2016 time-based restricted stock units that vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019.
- F2Represents shares withheld to cover taxes on the 2017 time-based restricted stock units that vested on January 1, 2019 that was previously reported on a form 4 on January 4, 2019.
- F3Includes accrued Dividend Equivalent Shares (referred to as "DES", as defined in the Issuer's 2015 Omnibus Equity Compensation Plan) in the amount of 31.2149 shares on the first tranche of the 2018 grant of RSUs that vested on March 1, 2019. The DES were accrued from January 1, 2018 through December 27, 2018.
- F4Represents shares withheld for taxes on the 2018 time-based award that vested on March 1, 2019.
- F5The Reporting Person reported the vesting of 781 restricted stock units granted to the Reporting Person on January 1, 2017 in Table I of the Form 4 filed on March 2, 2018, which is approximately one-third of the 2,271 restricted stock units that were granted to the Reporting Person on January 1, 2017. Such restricted stock units vest equally over a three year period, with the first tranche of 757 restricted stock units having vested on March 1, 2018 and reported on a Form 4 filed on March 15, 2018, the second tranche of 757 restricted stock units having vested on January 1, 2019 and reported on a Form 4 filed on January 4, 2019 and the last tranche of 757 restricted stock units will vest on January 1, 2020.
- F6Represents 2018 Annual RSU award granted pursuant to the South Jersey Industries, Inc. 2015 Omnibus Equity Compensation Plan. Subject to certain exceptions, 841 RSUs shall vest on March 1, 2019, 841 RSUs shall vest on January 1, 2020 and 841 RSUs shall vest on January 1, 2021, provided that the reporting person remains employed by the issuer.